The cryptocurrency market is close to ending another week. Bitcoin and other cryptocurrencies seem to continue their upward momentum. The total market capitalization of bitcoin and altcoin projects rose by around $1.15 trillion. Meanwhile, it is necessary to pay attention to altcoin news. Here is what will happen for various altcoins today…
This is an important day for altcoin projects
- KuCoin lists Wombat (WOMBAT) at 17 CET with USDT pair.
- Chia (XCH) will hold a question and answer event via Zoom.
- BitMart lists LaEeb (LAEEB) with USDT pair.
- SXP (SXP) is holding a question and answer event on Telegram. The event will start at 20 CEST.
- BitMart lists XRPayNet (XRPAYNET) with USDT pair.
- Clearpool, the first DeFi protocol focused on unsecured lending, is now available on Polygon (MATIC).
- Ripple (XRP) CEO Brad Garlinghouse is on the list of first speakers to attend Messari’s Mainnet 2022 summit.
- A new apparel brand, Origin Thread, leverages Cardano (ADA) to launch blockchain-powered apparel.
- Europe-based digital asset provider ETC Group has listed a Bitcoin ETP on Cboe Europe.
- Shiba Inu (SHIB) owners can now get free shipping on Shopping.io in addition to a 2 percent discount for a two-week period.
- Cryptocurrency lending platform Celsius (CEL) has been impacted by Customer.io’s email data breach.
- Coinbase has announced that users residing in Germany can now use the following cryptocurrencies:
- AERGO, AIOZ, ALEPH, AVT, BUSD, C98, COTI, DEXT, DREP, ELA, ERN, FIS, FOX, GFI, GMT, GST, GYEN, HIGH, INV, MATH, MEDIA, MPL, MUSE, PLU, QSP, RNDR, ROSE, SAND, SHPING, SNT, SYN, TRU.
- Coinbase has announced that users residing in Singapore can now use the following cryptocurrencies:
- AERGO, AIOZ, BUSD, DIA, ERN, FOX, GMT, GST, HIGH, IDEX, POLS, QUICK, REQ, ROSE, SHPING, SNT, SUPER, SYN, UPI.
What is the latest situation in the market?
Meanwhile, crypto market cap reached $1.1 trillion as Bitcoin and ETH skyrocketed to local highs. The decision of US President Joe Biden to refuse to acknowledge that the country has officially entered recession has once again pushed the cryptocurrency market up. As a result, Bitcoin, ETH, and many other assets hit multi-week highs. The crypto market is known for its volatility, and Bitcoin has proven this over the past weeks. On July 20 the asset was above $24,000, which was a local top. However, it dropped almost $4,000 in the following days to a weekly low of $20,700 on July 26. As the US Federal Reserve announced its latest rate hike, the public expected even more price volatility. The volatility has indeed arrived, but unlike previous times, BTC is heading higher.
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